According to Adam Smith’s The Wealth of Nations, when it comes to government oversight in the free market and regulations, the less intervention, the better. Does the government play an important role in encouraging businesses to behave in an ethical manner? Explain the basis for your answer. What role do environmental laws have in a capitalistic system?

Q: True or false, Simpson argues global corporations enhance economic freedom and their power…

A: Globalization means increasing the reach of imports and exports on a global level. It is the only…

Q: Explain why economists might say that the market for higher education demonstrates externalities and…

A: Higher education when attained by students,gives rise to employment. Therefore according to…

Q: Frederick Bastiat and Jean Jacques Rousseau would most likely agree on which of the following:…

A: The objective of the question is to identify the statement that both Frederick Bastiat and Jean…

Q: How the hope of profits and the threat of losses work together as incentives toward efficiency.

A: Efficiency is the ability to reduce the wastage of materials, resources, efforts, time, and energy…

Q: How did Adam Smith justify the ethics of capitalism?

A: Adam Smith's theories are frequently regarded as the foundation of modern capitalism. He advocated…

Q: Why did Eugene V. Debs believe in changing the structure of society and implementing public…

A: Eugene V. Debs was a anti-war, political activist, trade unionist, and committed social activist. He…

Q: Chemistry

A: correct option is d  efficiency focus on outcomes, but means also matters Step 1:  Step 2: Step 3:…

Q: According to free-market economists: a. when capital goods are allocated by the market, they will…

A: The free-market economist believes in minimum or no intervention in the production distribution or…

Q: What is a resource that you share with your family or neighbors? Is it being over-consumed? And if…

A: We all live in a society, where we share many things to live life peacefully and happily. Our…

Q: In Mcdonald v. Chicago Justice John Paul Stevens made an argument against applying all Bill of…

A: Bill of rights provisions : It was the first amendment in United States also known as bill of rights…

Q: Italy’s 60 million inhabitants woke up Tuesday under an unprecedented nationwide quarantine, an…

A: AD or aggregate demand is sum of consumption, investment, government spending and net exports.…

Q: The government uses several tools to implement environmental regulation. For example, mandatory…

A: Negative Externalities: These occur when the production or consumption of a good or service imposes…

Q: What aspects & principles characteristic of non-market systems are important in our market economy?

A: A non-market system is an administered price system in which the prices of properties are set by an…

Q: By Walter E. Williams socialism to free market capitalism. summary

A: Summary By Walter E. Williams socialism to free market capitalism.   The following is the definition…

Q: Based upon those notions of self-interest and public interest and the bringing of both into harmony,…

A: The market economy is one in which the forces of supply and demand determine market price and…

Q: Select one of the external factors discussed in the text that influences business

A: Let We show that  that The company I have chosen is Nestle Maggi and the external factor is Food and…

Q: 85. All of the following would be government solutions to externality problems EXCEPT: a.public…

A: NOTE: Since you have asked multiple questions we will be answering only the first one, if you need…

Q: Adam Smith’s theory of the invisible hand is often used to justify a hands-off approach to market…

A: The automatic equibrialization of demand and supply in a free market situation by any unobservable…

Q: the same opportunities and threats will apply to each of them

A: A PESTEL analysis is an acronym for a tool used to identify the macro (external) forces facing an…

Q: Offer an example of a good that has become a public (or quasi-public) good due to technology.…

A: A public good refers to a good that is non-rival and non-excludable in nature. For example, roads,…

Q: Why is the right of private property an essential characteristic of a market system?

A: A market system consists of buyers and sellers who interacts in order to make economic decisions and…

Q: Why does the government answers the basic questions in mixed market economics

A: A system of economy which is a blend of capitalist and socialist system of economy is called mixed…

Q: Which of the following phenomena is NOT an example of market failure? a. A positive externality. b.…

A: In an economy, market failure refers to the Ayia whe any of the trading party will get unfair share…

Q: Give an example of a real-life situation that gives rise to externality. Explain clearly about the…

A: The markets are the places where the buyers, and suppliers of different products meet with each…

Q: 3. A party ends up spreading the coronavirus. Is that an externality? Yes, it is a negative…

A: Externality refers to a situation when an activity affects positively or negatively the persons who…